Answer:
Explanation:
An entrepreneur is an individual who starts and runs a business with limited resources and planning , he also bears the risk and rewards of his business alone. While small business ownership can be an organisation , partnership and even a self owned that dosent have much capital and annual revenue.
DIFFERENCES BETWEEN ENTREPRENEURSHIP AND SMALL BUSINESS OWNER.
- Small businesses usually deal with known and established goods and services in other words they face a known risk while entrepreneurship focuses on new innovations so, they face unknown risk.
- small business is known with limited growth with continued profitability while entrepreneurship aimed at rapid growth and high returns.
- small business owners start with little capital while entrepreneur starts with sufficient capital.
